ClearMetal, a software platform for freight and transport planning, has partnered with insurance firm Munich Re Group to offer a guarantee on the provision of data updates on international ocean container shipments during transit for forward planning.
The platform continuously collects and cleans data from satellites, shippers, vessels, terminals, ocean carriers and third-party partners, using machine learning to cross-reference inputs, to provide real time updates on cargo status.
Through this new partnership ClearMetal will guarantee that, after the first year of engagement, it will offer completeness of data for container shipments at least 90% of the time and will notify customers within 24 hours of vessel arrival at port for 80% or more of its container shipments.
The company says that the system typically already provides completeness of data at a rate higher than 90% and ship arrival notifications within minutes or hours of the event.
“Visibility is crucial to weathering volatility in the supply chain and helping shippers make better decisions,” said Tom Linton, an Executive Advisor at ClearMetal.
“As global trade continues to be very unpredictable and dynamic, shippers need to prepare and learn how to better manage their supply chain in this environment. ClearMetal gives shippers confidence in their data and helps take time and unknowns out of the supply chain so they can optimise productivity, curb costs and delight customers.”